Wedmont Private Capital Takes $941,000 Position in Honeywell Aerospace $HONA

Wedmont Private Capital bought a new position in Honeywell Aerospace (NASDAQ:HONA) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,675 shares of the company’s stock, valued at approximately $941,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $5,253,341,000. Wellington Management Group LLP purchased a new position in shares of Honeywell Aerospace in the second quarter worth about $1,705,882,000. Bank of America Corp DE purchased a new position in Honeywell Aerospace during the 2nd quarter worth approximately $1,034,187,000. Bank of New York Mellon Corp acquired a new position in Honeywell Aerospace during the second quarter valued at $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $370,544,000.

Honeywell Aerospace Stock Down 3.5%

Shares of Honeywell Aerospace stock opened at $155.42 on Wednesday. The firm has a market cap of $49.26 billion and a PE ratio of 83.11. The stock’s 50-day moving average price is $189.76. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The firm had revenue of $4.35 billion during the quarter. On average, equities analysts predict that Honeywell Aerospace will post 7.75 EPS for the current year.

Analysts Set New Price Targets

HONA has been the topic of several analyst reports. TD Cowen initiated coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a report on Friday, July 10th. They set a “neutral” rating and a $255.00 price target on the stock. Evercore set a $210.00 target price on Honeywell Aerospace in a research report on Thursday, August 6th. BNP Paribas Exane cut their price target on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Finally, Argus initiated coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $224.17.

Honeywell Aerospace Company Profile

Honeywell Aerospace Inc manufactures and supplies aircraft components, avionics, engines, and systems for airframe manufacturing, commercial airline, military and defense, business aviation, and space markets, as well as other markets in the aerospace industry. The company offers actuation products, air and thermal management products, auxiliary power units, cabin management and entertainment products, cockpit systems and displays, electric power products, engines, health and usage monitoring products, lighting products, microelectronics, navigation products and radios, recorders and transmitters, satellite communications, sensors, space products, terrain and traffic awareness, vehicle turbochargers, weather radars, and wheels and braking systems.